HB4186 H B&I AMT 1-25

Webb 3238


The Committee on Banking and Insurance moves to amend the title of the bill to read as follows:

H. B. 4186 - A Bill to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated 33-4-22, relating generally to guaranteed asset protection waivers; providing short title, purpose, and legislative intent of section; specifying applicability of section; defining certain terms; specifying requirements for offering guaranteed asset protection waivers; requiring contractual liability or other insurance policies on guaranteed asset protection waivers in certain circumstances; requiring certain disclosures; providing for cancellation or non-cancellation; specifying requirements upon cancellation in certain circumstances; exempting certain requirements in commercial transactions; and excluding waivers from consumer sales and service tax.